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It depends on your state's laws. Here is a great site - www.fair-debt-collection.com. They list all the laws in each state. I can tell you that in Florida, since it has happened to me, they can come after the co-signer. Typically though it has to be because the original signer has protected themselves from debt collection, either by certain legal claims (ex.. Head of Household) or they have filed Bankruptcy and you are the only one left for the creditor to attack. My original signers filed Bankruptcy and then I was the one they came after. I was lucky because they did garnish my wages a few times, but I filed for Head of Household and they could no longer take my wages. And since I did file the courts were holding the money that my company was taking from my check and I received a check from my company for the whole amount once the HOH was officially declared. Which helped because I then was able to negotiate a settlement for about 12% of the original debt since they knew there was no other way to get it out of me. To file for Head of Household is different then Head of Household for your federal taxes. On your taxes I think your spouse can only make a small amount of money, whereas for my situation I just had to make more than my spouse, regardless of how much she makes. Meaning should could make $50,000 a year but I would be HOH if I made more. Sorry for rambling on. Hope this helps.
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In Utah can your wages be garnished for a car that was repossessed?
You do not owe money for a car if it has been repossessed, so your wages can't be garnished for that reason.
Can your wages be garnished in the state of Georgia to pay for a repossessed car?
YES.
If your car is repossessed in the state of Pa. can your wages be garnished?
READ your contract.
If your car is repossessed in Pennsylvania can your wages and bank accounts be garnished?
check this site
Can your wages be garnished for a car that was repossessed?
Yes, if there was a deficiency balance owing after the car was sold at auction. Your creditor would have to sue you and obtain judgment in order to garnish your wages.
If your car is repossessed in the state of NC can your wages be garnished?
No not in the state of NC - only for child support and taxes. Wanda Improve Credit, LLC
If your wages are garnished for a car loan but the car hasn't been repossessed can you keep the car?
That's the point. They want the money, not the car, so they garnished your wages to pay that loan. Keep it, drive it, enjoy it. If you want to sell that car, any money would FIRST go to pay that loan and you could keep any cash left over.
Can your wages be garnished if you volunteer to turn the car in?
YES
In Ohio can your wages be garnished for a car repossession?
yes
Can a cosigners credit get the car repossessed?
As long as the loan for the unit is paid each month, the collateral will never be repo'd.
If your repossessed car is worth about 6000 and you owe approximately 25000 can your pay check be garnished for the balance after the car is sold?
In most states, YES. The lender can garnishee the signor AND cosignor wages and/or attach other personal property.
If your car is repossessed and your wages are garnished can the company you work for fire you?
Yes, you can be terminated from a job for any justifiable reason. The repossession and garnishment are YOUR problems, not your employer's. * No, it is illegal for an employer to fire an employee because of his or her wages being garnished. Unfortunately, it is usually not difficult for an employer to come up with a plausible reason to discharge an employee in order to circumvent discriminatory practice laws.
